Pat Childs

Monetarism emerged in the 1960s under the leadership of Milton Friedman, who received the Nobel Prize in 1976. Friedman taught at the University of Chicago...

Alexis de Tocqueville, a young French aristocrat, captured the essence of nineteenth-century America in his penetrating work, Democracy in America. The...

Benjamin Graham developed "value investing," a style adopted by Warren Buffett, one of history's most successful investors; it is based on "fundamental...

This presentation examines two eloquent arguments for human liberty: John Stuart Mill's On Liberty and Mary Wollstonecraft's A Vindication of the Rights of...

For centuries, gold has been considered a safe haven: it is tangible, unlike an account balance, and its value is relatively stable, especially as a hedge...

Leviathanis a vigorous defense of a strong central government that was originally published in 1651, just after the English wars of 1642-49. This...

Financial markets have an impressive history of gains and progress for prudent and judicious investors. But these advances are often interrupted by powerful...

World War II reshaped the map of the world. No longer would Europe be the center of world power. As the continent exhausted itself in yet another war, two...

This is the story of a war during which one American president was assassinated, another declined to seek reelection, and a third was discredited. It is the...

In America's financial nerve center, fortunes are made, and sometimes lost. J.P. Morgan, Jay Gould, Hetty Green, Jim Brady, Jesse Livermore, Bernard Baruch,...

Public confidence in financial markets depends on the perception that they are fair and just, not distorted or manipulated to the advantage of particular...

World War II redrew the map of the world. No longer would Europe be the center of power. As the continent exhausted itself in yet another war, two new...

Investments in tangible assets offer a unique set of opportunities and problems, often related to limited supply (so that price becomes especially sensitive...

As the world becomes more economically and culturally integrated, there are vast opportunities for growthespecially as less prosperous countries seize the...

The United States Constitution established both a strong central power and protected states' rights. But to say that something is of two parts is not to say...

Most investors do not get involved in speculation or commodities, but speculators play a vital function in financial markets by absorbing and managing risk....